Empty tankers will reportedly sail free through the Strait of Hormuz under a potential US-Iran deal, filled ships however will must pay a $1 per barrel Bitcoin toll — turning the world’s most sensitive energy chokepoint into a crypto node.
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Chinese Creditor Fights FTX’s Plan to Block Payouts in Restricted Nations A Chinese creditor has thrown a wrench into FTX’s bankruptcy plan to halt repayments to users in China and other restricted countries, escalating the exchange’s long-running saga. This challenge highlights ongoing tensions between global crypto recovery efforts and national regulations. Investors watching FTX’s $16…
XRP holds near $1.86 as spot ETF assets pass $1 billion after SEC settlement XRP was trading near $1.86 after a settlement with the U.S. Securities and Exchange Commission (SEC) removed a major source of regulatory uncertainty around the asset. In the wake of that clarity, demand through regulated investment products has been building. Approved…
US Treasury Targets Stablecoin Issuers With New AML Rules The US Treasury has floated new compliance requirements for payment stablecoin issuers under the proposed GENIUS Act, forcing them to build full anti-money laundering programs and gain the power to freeze or reject transactions. The move signals that stablecoins are no longer treated as experimental products…
SEC Names New Enforcement Chief as Sun Lawsuit Drama Lingers David Woodcock has been tapped as the U.S. SEC’s new enforcement chief, stepping into a hot seat amid fallout from his predecessor’s abrupt exit. This move comes as senators grill the agency over its sudden decision to drop high-profile lawsuits against Tron founder Justin Sun…
SEC Smacks Down in Coinbase Ruling: User Crypto Not Securities The Fifth Circuit just gutted a key piece of the SEC’s arsenal against Coinbase, ruling that secondary sales of digital assets by everyday users don’t count as securities transactions under federal law. This 11/26/2024 decision reverses a lower court’s green light for the SEC to…
Bitcoin ETFs Hit 13-Day Outflow Streak With $396M Exit U.S. spot Bitcoin exchange-traded funds (ETFs) extended their selloff to a 13-day streak of net outflows, with $396 million leaving the products in the latest session. The figure marks another day of investors pulling capital from Bitcoin ETF vehicles rather than adding to them, continuing a…
